26 November 2015

Discover introduces cashback checking accounts

27 February 2013  |  1430 views  |  0 Source: Discover Financial Services

Discover Financial Services today announced the launch of Discover Cashback Checking - the latest addition to the company's growing suite of direct banking products that includes credit cards, home loans, student loans, personal loans, CDs, money market accounts and savings accounts.

Cashback Checking accounts pay customers 10 cents for every debit card purchase, Online Bill Payment and check they write. Rewards are automatically added to the account holder's Discover card Cashback Bonus® balance.

The new accounts are now available to a limited number of Discover cardmembers, with availability expanding to all cardmembers gradually throughout the year. A full consumer roll out is planned for 2014.

"Our goal for Discover Cashback Checking is to provide customers with the best value, service and rewards in the industry," said Roger Hochschild, Discover's president and chief operating officer. "We combined what customers most want in a checking account with the latest technology to provide a truly breakthrough product."

Discover Cashback Checking includes:

  • Fee-free features: No monthly fees, no minimum balances, free checks and replacement cards. There are no Discover fees at 415,000 ATMs in the U.S.
  • Convenience: An app that lets customers easily bank on the go with mobile check deposit, mobile bill pay and an ATM locator
  • Stellar service: 24/7 service from Discover's U.S.-based customer service team
  • Protection: $0 fraud liability for unauthorized transactions and bill pay protection 

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news


Who is commenting?

Top topics

Most viewed Most shared
MIT to run fintech degree course
9113 views comments | 36 tweets | 14 linkedin
Coinbase issues Bitcoin debit card
8089 views comments | 17 tweets | 21 linkedin
UK banks hardest hit by non-bank money tra...
7994 views comments | 28 tweets | 31 linkedin
Apple Pay users given a free ride in Londo...
7876 views comments | 21 tweets | 29 linkedin
BBVA buys 29.5% stake in Atom for £45...
6992 views comments | 33 tweets | 40 linkedin

Featured job

to $120K base, double OTE, benefits
New York City, NY or Boston, MA (USA)

Find your next job